CVS - Fulshear, TX

JLL is pleased to exclusively offer for sale the CVS located in Fulshear, TX (the “Property” or the “Asset”). Approximately 30 miles west Houston, the once small town is now one of the fastest growing cities in the nation. Between 2010 and 2020, Fulshear's population skyrocketed from 1,100 to 16,856. As of July 2023, the population stands at 42,616 which equated to a 3,871% growth since 2010. By 2028, that number is expected to surpass 78,000. The Property is positioned with Cross Creek Ranch, a master-planned community encompassing more than 6,000 homes, apartments. Fulshear Central, a mixed-use development near the Property, will break ground in fall of 2024 and is expected to bring 800 new jobs to Fulshear. The developments are accompanied by upgrades to the city’s infrastructure, including an expansion of FM 1043 along the Property.

CVS (the “Tenant”) operates at this location on an absolute NNN lease with nearly 16 years remaining, future rent growth, multiple renewal options and zero landlord responsibilities. This offering presents a passive income opportunity for investors seeking long-term cash flow backed by industry-leading tenancy in a premier growth market with exceptional real estate fundamentals.